Shareholder Friendly Transaction Removes Significant
Derivative Liability Component
RESEARCH TRIANGLE PARK, NC -- November 18, 2020 -- InvestorsHub
NewsWire -- Data443 Risk Mitigation, Inc. (“Data443” or the
“Company”) (OTCPK:
ATDS), a leading data security and privacy software company for
ALL THINGS DATA SECURITY™, is pleased to announce a settlement
agreement with a long-term PIPE investor group resulting in
elimination of substantial outstanding warrants.
MAJOR HIGHLIGHTS OF THE TRANSACTION:
- Over 300,000,000 warrants have been cancelled
- The Company has issued fixed-floor promissory notes to three
investors in connection to the warrants with no derivative
instruments attached for a total of $100,000
- As a result, the Company has eliminated virtually all
outstanding warrants and derivative liabilities outstanding
pertaining to warrant conditions related to warrant-based
instruments
Jason Remillard, CEO of Data443 commented, “This transaction is
important for the Company’s continued financial health, removing a
major hurdle towards completing further transactions that we are
expecting to close in the near future. This transaction is an
excellent resolution for the Company and introduces
shareholder-friendly fixed debt instruments into our financing mix,
that will continue to be important measures as we proceed into our
next phases of our business growth. We thank our long-term
investors for their continued support of the business and our joint
goals!”
BUSINESS UPDATE CONFERENCE CALL
Data443 will hold a Business Update Conference Call and Webcast
on Thursday, November 19, 2020 at 4:30pm ET.
Investors and other interested parties may submit their
questions ahead of time by emailing Investor Relations at ir@data443.com.
Online registration is available at: https://info.data443.com/2020q3-business-update
About Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTCPK:
ATDS), is the de facto industry leader in Data Privacy
Solutions for All Things Data Security™, providing
software and services to enable secure data across local devices,
network, cloud, and databases, at rest and in flight. Its suite of
products and services is highlighted by: (i) ARALOC™,
which is a market leading secure, cloud-based platform for the
management, protection and distribution of digital content to the
desktop and mobile devices, which protects an organization’s
confidential content and intellectual property assets from leakage
— malicious or accidental — without impacting collaboration between
all stakeholders; (ii) DATAEXPRESS®, the leading data
transport, transformation and delivery product trusted by leading
financial organizations worldwide; (iii) ArcMail™, which
is a leading provider of simple, secure and cost-effective email
and enterprise archiving and management solutions; (iv)
ClassiDocs® the Company’s award-winning data
classification and governance technology, which supports CCPA,
LGPD, and GDPR compliance; (v) ClassiDocs™ for
Blockchain, which provides an active implementation for the Ripple
XRP that protects blockchain transactions from inadvertent
disclosure and data leaks; (vi) Data443® Global Privacy
Manager, the privacy compliance and consumer loss mitigation
platform which is integrated with ClassiDocs™ to do the
delivery portions of GDPR and CCPA as well as process Data Privacy
Access Requests – removal request – with inventory by
ClassiDocs™; (vii) Resilient Access™, which enables
fine-grained access controls across myriad platforms at scale for
internal client systems and commercial public cloud platforms like
Salesforce, Box.Net,
Google G Suite, Microsoft OneDrive and others; (viii)
Data443™ Chat History Scanner, which scans chat messages
for Compliance, Security, PII, PI, PCI & custom keywords; (ix)
the CCPA Framework WordPress plugin, which enables organizations of
all sizes to comply with the CCPA privacy framework; (x)
FileFacets™, a Software-as-a-Service (SaaS) platform that
performs sophisticated data discovery and content search of
structured and unstructured data within corporate networks,
servers, content management systems, email, desktops and laptops;
(xi) the GDPR Framework WordPress plugin, with over 30,000 active
users and over 400,000 downloads it enables organizations of all
sizes to comply with the GDPR and other privacy frameworks; and
(xii) IntellyWP, a leading purveyor of user experience enhancement
products for webmasters for the world’s largest content management
platform, WordPress. For more information, please visit http://www.data443.com.
The statements contained in this release that are not historical
facts are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Words such as “may,”
“will,” “could,” “should,” “expect,” “plan,” “project,” “intend,”
“anticipate,” “believe,” “estimate,” “predict,” “potential,”
“pursuant,” “target,” “continue,” and similar expressions are
intended to identify such forward-looking statements. The
statements in this press release that are not historical
statements, including statements regarding Data443’s plans,
objectives, future opportunities for Data443’s services, future
financial performance and operating results and any other
statements regarding Data443’s future expectations, beliefs, plans,
objectives, financial conditions, assumptions or future events or
performance that are not historical facts, are forward-looking
statements within the meaning of the federal securities laws. These
statements are not guarantees of future performance and are subject
to numerous risks, uncertainties, and assumptions, many of which
are beyond Data443’s control, and which could cause actual results
to differ materially from the results expressed or implied by the
statements. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict, and include, without limitation, results
of litigation, settlements and investigations; actions by third
parties, including governmental agencies; volatility in customer
spending; global economic conditions; ability to hire and retain
personnel; loss of, or reduction in business with, key customers;
difficulty with growth and integration of acquisitions; product
liability; cybersecurity risk; anti-takeover measures in our
charter documents; and, the uncertainties created by the ongoing
outbreak of a respiratory illness caused by the 2019 novel
coronavirus that was recently named by the World Health
Organization as COVID-19. These and other important risk factors
are described more fully in our reports and other documents filed
with the Securities and Exchange Commission (“the SEC”), including
under (i) “Part I, Item 1A. Risk Factors”, in our Registration
Statement on Form 10 filed with the SEC on January 11, 2019 and
amended on April 24, 2019; (ii) “Part I, Item 1A. Risk Factors”, in
our Annual Report on Form 10-K filed with the SEC on 17 April 2020;
and, (iii) subsequent filings. Undue reliance should not be placed
on the forward-looking statements in this press release, which are
based on information available to us on the date hereof. Except as
otherwise required by applicable law, we undertake no obligation to
publicly update or revise any forward-looking statements, whether
because of new information, future events, or otherwise.
The Data443™ logo, ALL THINGS DATA SECURITY™,
ClassiDocs™ logo, ARALOC™ logo and
DATAEXPRESS® are registered trademarks of Data443
Risk Mitigation, Inc.
All product names, trademarks and registered trademarks are
property of their respective owners. All company, product and
service names used in this website are for identification purposes
only. Use of these names, trademarks and brands does not imply
endorsement.
All other trademarks cited herein are the property of
their respective owners.
For Further Information:
Follow us on Twitter: https://twitter.com/data443Risk
Follow us on Facebook: https://www.facebook.com/data443/
Follow us on LinkedIn: https://www.linkedin.com/company/data443-risk-mitigation-inc/
Signup for our Investor Newsletter: https://www.data443.com/investor-relations/
Investor Relations Contact:
Matthew Abenante
ir@data443.com
919.858.6542
DATA443 Risk Mitigation (PK) (USOTC:ATDS)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
DATA443 Risk Mitigation (PK) (USOTC:ATDS)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025